Added to YB: 2024-04-03
Pitch date: 2024-03-31
SOLV [bullish]
Solventum Corporation
+20%
current return
Author Info
Stock Spin-Off Investing is a former equity and PE researcher who shares spin-off related content. Visit the website.
Company Info
Solventum Corporation, a healthcare company, develops, manufactures, and commercializes a portfolio of solutions to address critical customer and patient needs in the United States and internationally.
Market Cap
$13.9B
Pitch Price
$69.15
Price Target
130.00 (+57%)
Dividend
N/A
EV/EBITDA
13.04
P/E
9.19
EV/Sales
2.07
Sector
Health Care Equipment and Supplies
Category
value
Solventum Spin-off Deep Dive
SOLV: 3M healthcare spin trading at $70 (8.4x '24 EBITDA). Revs flat past 3yrs, mgmt expects 0-2% decline in '24. Competitive pressures in all 4 segments (MedSurg-51% revs, Dental-21%, Health IT-20%, Purification-8%). New CEO/CFO, limited growth plan. $130 at 12x EBITDA. S&P addition 4/1 could boost near-term.
Read full article (9 min)